Placing

8 Apr 2008 07:01

Landore Resources Limited08 April 2008 Landore Resources Limited ("Landore" or the "Company") Placing to raise £2 million Landore, the Canadian mining explorer, today announces that it has raised£2,001,300 net of expenses through a placing of 13,342,000 new ordinary sharesof 1p each in the Company ("Placing Shares") at a placing price of 15p per shareto finance working capital and exploration expenditure. Application will be made for the admission of the Placing Shares to trading onAIM. The Placing Shares will rank pari passu with existing ordinary shares andit is expected that admission will occur at 8.00 a.m. on 16 April 2008. Following admission of the Placing Shares, the total number of voting rights inthe Company's ordinary shares will be 140,599,323, which may be used byshareholders as the denominator for the calculations by which they willdetermine if they are required to notify their interest in, or a change to theirinterest in, Landore under the Financial Service Authority's Disclosure andTransparency Rules. Enquiries: Bill Humphries / Richard PrickettLandore Resources LimitedTel: 07734 681262Tel: 07775 651421 Simon Raggett / Angela PeaceStrand Partners LimitedTel: 020 7409 3494 David BickTel: 07831 381201 This information is provided by RNS The company news service from the London Stock Exchange